Calendar Year
2004 in US Banking
1,169 bank events are on record for 2004: 4 failures, 853 mergers or acquisitions involving a bank, credit union or bank holding company, and 312 enforcement actions.
4
Failures
$170.1M in failed assets
853
Mergers
Federal Reserve NIC, banking organizations
312
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 2004 · Bank mergers 2004
How many banks failed in 2004?
4 banks failed in 2004, with $170.1M in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Jun 25, 2004 | Bank of Ephraim | $56.8M |
| Mar 19, 2004 | Reliance Bank | $28.6M |
| Mar 12, 2004 | Guaranty National Bank | $71.3M |
| Feb 14, 2004 | Dollar Savings Bank | $13.4M |
Which banks merged in 2004?
853 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2004.
See the fuller list: Bank mergers 2004 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Aug 23, 2004 | Bremer Bank, National Association | Bremer Bank, N.A. |
| Aug 23, 2004 | 1st Security Credit Union | Fox Communities Credit Union |
| Aug 21, 2004 | Morehead Bank | Whitaker Bank, Inc |
| Aug 21, 2004 | Madison Bancshares, Inc. | Whitney Holding Corporation |
| Aug 21, 2004 | Pocahontas Bankstock, Inc. | Mountain Home Bancshares, Inc. |
| Aug 21, 2004 | Mount Sterling Bank | Whitaker Bank, Inc |
| Aug 21, 2004 | Madison Bank | Whitney National Bank |
| Aug 21, 2004 | (unnamed) | Integrity First Bank, National Association |
| Aug 20, 2004 | (unnamed) | Advantage Bank |
| Aug 20, 2004 | Coquina Bank | Cypress Coquina Bank |
| Aug 20, 2004 | London Financial Corporation | Camco Financial Corporation |
| Aug 19, 2004 | Lumpkin County Bank | Gainesville Bank & Trust |
| Aug 18, 2004 | Peninsula Bank | Mercantile Peninsula Bank |
| Aug 18, 2004 | Farmers & Merchants Bank - Eastern Shore | Mercantile Peninsula Bank |
| Aug 14, 2004 | Servus Financial Corporation | Ibid, Inc. |
| Aug 13, 2004 | Premier Community Bank of South Florida | Colonial Bank |
| Aug 13, 2004 | Mercantile Bank Texas | State National Bank |
| Aug 13, 2004 | Random Lake Bancorp, Limited | Merchants Merger Corp. |
| Aug 12, 2004 | Eisenhower National Bank | Broadway National Bank |
| Aug 7, 2004 | Sobieski Bank | MFB Financial (The "Savings Bank") |
| Aug 7, 2004 | Trust Bank | East West Bank |
| Aug 2, 2004 | Saint Johns County Teachers Credit Union | Community First Credit Union of Florida |
| Aug 2, 2004 | Southern Heritage Bank | Gainesville Bank & Trust |
| Aug 2, 2004 | Southern Heritage Bancorp, Inc. | GB&T Bancshares, Inc. |
| Aug 2, 2004 | First Bank | Lincoln Bank |
| Aug 2, 2004 | Bayonne Postal Employees Credit Union | First Jersey Credit Union |
| Aug 2, 2004 | Carbon City Federal Credit Union | Allegacy Federal Credit Union |
| Aug 2, 2004 | Advantage Credit Union | Piedmont Advantage Credit Union |
| Aug 1, 2004 | UMB U.S.A., N.A. | UMB Bank, N.A. |
| Aug 1, 2004 | First Western Mortgage Services, Inc. | WestStar Bank |
| Aug 1, 2004 | Village Bank & Trust, S.S.B. | Prosperity Bank |
| Aug 1, 2004 | Winnebago Credit Union | Fox Communities Credit Union |
| Aug 1, 2004 | Metrocom Area Credit Union | Post Community Credit Union |
| Aug 1, 2004 | John T. Page Federal Credit Union | West Virginia Central Federal Credit Union |
| Aug 1, 2004 | Commerce Bank, National Association | Commerce Bank |
| Aug 1, 2004 | Burt County State Bank | Washington County Bank |
| Aug 1, 2004 | Insurance Services Federal Credit Union | Truchoice Federal Credit Union |
| Aug 1, 2004 | Go-Gulf Federal Credit Union | Complex Community Federal Credit Union |
| Aug 1, 2004 | The Commercial Bank of Demopolis | BankTrust |
| Aug 1, 2004 | United Community Bank | Limestone Bank, Inc. |
| Aug 1, 2004 | Pierce County Federal Credit Union | Sound Credit Union |
| Aug 1, 2004 | Dorsey Laboratories Federal Credit Union | Lincone Federal Credit Union |
| Aug 1, 2004 | Hercules Federal Credit Union | Community Powered Federal Credit Union |
| Aug 1, 2004 | Shermco Federal Credit Union | RTN Federal Credit Union |
| Aug 1, 2004 | Liberty Bank, SSB | Prosperity Bank |
| Aug 1, 2004 | Key Credit Union | St. Jean's Credit Union |
| Aug 1, 2004 | Salvaho Federal Credit Union | Premier Federal Credit Union |
| Aug 1, 2004 | Cbi-Illinois, Inc. | Cbi-Kansas, Inc. |
| Jul 31, 2004 | Beacon Credit Union, Inc. | Christian Family Credit Union, Inc. |
| Jul 31, 2004 | Allegiant Bank | National City Bank of the Midwest |
The list holds 500 of the 853 mergers recorded for 2004.
Enforcement Actions in 2004
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Nov 4, 2004 | OCC | Bank of America, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Crews, Joseph |
| Nov 4, 2004 | OCC | The Upstate National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Upstate National Bank |
| Nov 4, 2004 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Crews, Joseph |
| Oct 29, 2004 | OCC | Union Bank of California Foundation | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Arpajian, Meline |
| Oct 29, 2004 | OCC | City National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Arpajian, Meline |
| Oct 28, 2004 | OCC_OTS | United Fidelity Bank, FSB | Termination of Supervisory Agreement: United Fidelity Bank, fsb |
| Oct 26, 2004 | FRB | (individual) | Written Agreement: County Bank, Merced, CA |
| Oct 25, 2004 | OCC | Herring National Company | Formal Agreement: The Herring National Bank |
| Oct 22, 2004 | OCC | New York National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): New York National Bank |
| Oct 21, 2004 | OCC | First National Bank of Sumner The-Retained Charter | Prohibition/Removal Orders: Johnson, Joseph E. |
| Oct 21, 2004 | OCC | First National Bank of Sumner The-Retained Charter | Civil Money Penalty (CMP): Johnson, Joseph E. |
| Oct 21, 2004 | OCC_OTS | Ponce De Leon Mortgage Corporation | Supervisory Agreement: Ponce de Leon Federal Bank |
| Oct 20, 2004 | OCC_OTS | Lyons Federal Savings Association | Civil Money Penalty: Kevin L. McClure |
| Oct 20, 2004 | FRB | Kenco Bancshares, Inc. | Written Agreement: William J. Collier |
| Oct 19, 2004 | OCC | The National State Bank of Metropolis | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Healey, Gregory P. |
| Oct 19, 2004 | OCC | The National State Bank of Metropolis | Civil Money Penalty (CMP): Healey, Gregory P. |
| Oct 18, 2004 | OCC | The Bank of Miami, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): International Bank of Miami, National Association |
| Oct 18, 2004 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Poghosyan, Aznaour |
| Oct 18, 2004 | OCC | Peoples National Bank of Kewanee | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank of Kewanee |
| Oct 18, 2004 | FRB | Union Bank of California International | Written Agreement: Union Bank of California International, New York, NY |
| Oct 18, 2004 | OCC | Bank of America, N.A. | C&D or PC&D Requiring Restitution: Poghosyan, Aznaour |
| Oct 15, 2004 | OCC_OTS | Citizens Building and Loan MHC | Supervisory Agreement: Citizens Building and Loan Association |
| Oct 15, 2004 | OCC_OTS | Golden Prague Federal Savings and Loan Association | Supervisory Agreement: Golden Prague Federal S&LA |
| Oct 14, 2004 | FRB | (individual) | Written Agreement: The Community State Bank, Poteau, Oklahoma |
| Oct 13, 2004 | OCC | (individual) | Civil Money Penalty (CMP): Burns, Brian |
| Oct 13, 2004 | FRB | Kenco Bancshares, Inc. | Written Agreement: Jesse L. Reese |
| Oct 13, 2004 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Burns, Brian |
| Oct 13, 2004 | OCC | Pelican National Bank | Prohibition/Removal Orders: Calton, Melissa I. |
| Oct 12, 2004 | FRB | Amsouth Bancorporation | Cease and Desist Order: AmSouth Bancorporation and AmSouth Bank, Birmingham, AL |
| Oct 12, 2004 | FRB | Amsouth Bancorporation | Civil Money Penalty $10,000,000: AmSouth Bancorporation and AmSouth Bank, Birmingham, AL |
| Oct 12, 2004 | OCC_OTS | Rayne Building & Loan Association | Supervisory Agreement: Rayne Building and Loan Association |
| Oct 8, 2004 | OCC | First National Bank and Trust | Civil Money Penalty (CMP): Culbertson, Lloyd K. |
| Oct 7, 2004 | FRB | (individual) | Written Agreement: Standard Chartered plc, London, United Kingdom, Standard Chartered Bank, London, United Kingdom, … |
| Oct 4, 2004 | OCC_OTS | Commercial Federal Bank, a Federal Savings Bank | Orders of Removal/Prohibition: Ginger D. Millbern |
| Oct 1, 2004 | OCC | Titan Bank, N.A. | Formal Agreement: First National Bank, Graford |
| Oct 1, 2004 | OCC_OTS | Horizon Bank | Civil Money Penalty: Horizon Bank, FSB |
| Oct 1, 2004 | OCC_OTS | Horizon Bank | Supervisory Agreement: Horizon Bank, FSB |
| Sep 30, 2004 | OCC_OTS | Community Development Insurance Services, LLC | Supervisory Agreement: Community Development Bank |
| Sep 30, 2004 | OCC_OTS | Federal Medical Bank, FSB | Supervisory Agreement: Federal Medical Bank, FSB |
| Sep 29, 2004 | OCC | The Huntington National Bank | Prohibition/Removal Orders: Thomas-Nicholson, Dyann R. |
| Sep 29, 2004 | OCC | The Huntington National Bank | C&D or PC&D Requiring Restitution: Thomas-Nicholson, Dyann R. |
| Sep 28, 2004 | OCC | Union Bank of California Foundation | Prohibition/Removal Orders: Hill, Charles Y. |
| Sep 28, 2004 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hobgood, Darrell |
| Sep 28, 2004 | OCC | Union Bank of California Foundation | C&D or PC&D Requiring Restitution: Hill, Charles Y. |
| Sep 28, 2004 | OCC_OTS | Dollar Savings Bank | Civil Money Penalty: Robert DeMane |
| Sep 28, 2004 | OCC_OTS | Dollar Savings Bank | Orders of Removal/Prohibition: Larry Marro |
| Sep 28, 2004 | OCC_OTS | Dollar Savings Bank | Orders of Removal/Prohibition: Robert DeMane |
| Sep 28, 2004 | OCC | (individual) | Civil Money Penalty (CMP): Hobgood, Darrell |
| Sep 27, 2004 | OCC_OTS | River Valley Bancorp | Civil Money Penalty: River Valley Fianncial Bank |
| Sep 27, 2004 | OCC_OTS | River Valley Bancorp | Cease and Desist: River Valley Financial Bank |
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